Viewpoints: Accounting for flow-through shares (Mining)

Learn how an entity could account for flow-through shares under International Financial Reporting Standards (IFRS). 

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If your company issues flow-through shares, you may be wondering: How do I account for these under IFRS? While IFRS does not specifically address accounting for flow-through shares, Viewpoints: Applying IFRS in the Mining Industry: Flow-Through Shares discusses how an entity could account for flow-through shares under IFRS.

Prepared by Chartered Professional Accountants of Canada (CPA Canada) and the Prospectors and Developers Association of Canada (PDAC), this useful resource for junior mining companies features information on:

  • journal entries to account for flow-through shares, both at the time eligible capital expenditures are incurred and at the time of obligation fulfilment
  • accounting considerations relating to the timing of renouncement
  • accounting for flow-through shares with attached share purchase warrants

To help clarify this issue, this document also includes a practical and detailed example of a publicly traded Canadian mining entity involved in issuing flow-through shares to investors.


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